TRADING

Transcription

TRADING

NETEXCHANGE TM PRO
TRADING
TRADING
Trading enables you to trade stocks, options and mutual funds, as well
as make inquiries about order status. The following functions are
available:
Accessing
Trading Functions
þ
Commissions - Browse broker daily revenues, month-to-date and
year-to-date commissions by product type and total.
þ
Stocks - Buy or sell stocks.
þ
Mutual Funds - Buy, sell or exchange load, low-load and no-load
mutual funds.
þ
Options - Buy, sell or close options.
þ
Orders - Inquire on status of, change or cancel orders.
Step
Action
1
Click Trading in the Header of any page to access Trading.
Result: The Trading functions are displayed in the
Navigation Bar (left column).
2
Click the Trading function you would like to access.
Result: The first page for the function selected is
displayed.
Note: Without a valid account number in the Select box,
Trading functions cannot be activated. For more details see
Select Bar in the Introduction section.
Release 1.1 Dated: 06/09/98
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NETEXCHANGE TM PRO
TRADING
Trading Commissions
Page 80
NETEXCHANGE TM PRO
Commissions
TRADING
The commission summary page provides data regarding revenue and
commissions resulting from broker trades. Complete the following
fields to view commission summary by broker:
Field
Action
Office #
Type your office number.
RR #
Type your Registered Representative number.
Click Display.
Result: Your revenue and commissions are displayed including
the following details:
•
Product
•
Daily Revenues
•
Month-to-Date Commissions
•
Year-to-Date Commissions
Page 81
NETEXCHANGE TM PRO
TRADING
Trading Stock Buy/Sell Stock
Page 82
NETEXCHANGE TM PRO
Buy/Sell Stock
TRADING
Buy/Sell Stock enables you to buy or sell stock according to the
parameters you wish to set on the trade. Refer to the following field
instructions for guidelines to placing an order:
Field
Action
Enter Symbol or
Company Name
Type the security symbol or name of the
company you want to trade in the
corresponding boxes provided.
•
Click Get Quote to display the most
recent quote for the security.
•
Click Lookup to search for security
symbols or company names.
Note: Click your browser’s Back
button to return to Buy/Sell Stock.
Transaction
Select the type of order you would like to
place from the drop-down box:
•
Buy
•
Sell
•
Buy to Cover*
•
Sell Short*
∗ Only available for accounts authorized for
margin trading.
!
WARNING
Equities trading is provided only to those
Registered Representatives that meet
NASD licensing requirements. It is your
firm’s responsibility to ensure that Registered Representatives are permitted to
engage in Equities trading and are in
compliance with all other related laws and
regulations.
Continued..........
Page 83
NETEXCHANGE TM PRO
TRADING
Page 84
NETEXCHANGE TM PRO
Buy/Sell Stock
(Cont.)
TRADING
Field
Action
Quantity
Type the number of shares you would like to
trade.
Account Type
Select from one of the following account types
in which you wish to place the order:
•
Cash
•
Margin*
•
Short*
∗ Only available for accounts authorized for
margin trading.
Order Type
Price
place:
•
Market
•
Limit
•
Stop
•
Stop-Limit
Type the price per share of the order.
•
Stop-Limit Price
Prices can be entered in whole numbers or
whole numbers followed by fractions or
their decimal equivalent. (For example,
$12.75 can be entered as 12 3/4 or
12.75.)
Complete only if you have selected StopLimit in the Order Type field. Type the limit
price at which you would like the order to be
executed.
Continued..........
Page 85
NETEXCHANGE TM PRO
TRADING
Page 86
NETEXCHANGE TM PRO
Buy/Sell Stock
(Cont.)
TRADING
Field
Action
Add. Order Data
Optional. Select one of the following
additional order instructions:
AON - All or none.
NH - Not held - timing of execution will not
be held to match tape.
DNR - Do not reduce price on ex-dividend
date for GTC orders.
DNI - Do not increase shares on ex-dividend
CASH - Stock is to be bought or sold for
same-day settlement.
ND - Next-day settlement.
Duration
Select the length of time for which you would
like the order to remain open:
Day - Order expires at the end of the trading
day.
GTC - Good until canceled. Order remains in
effect until the client cancels or 90 days.
GTX - GTC order eligible for extended
market hours trading.
OC - Immediate or cancel order which
requires that all or part of the order be
executed as soon as the bid is entered.
Unexecuted portions are automatically
canceled.
FOK - Fill or kill order which requires that the
entire order be executed immediately at
the price specified or immediately
canceled.
Continued..........
Page 87
NETEXCHANGE TM PRO
Buy/Sell Stock
(Cont.)
TRADING
Field
Action
P/A Indicator
Select from one of the following principal/
agency codes:
P - Member/member organization, nonprogram trade order.
I - Individual (80A), non-program trade order.
A - Other agency, non-program trade order.
D - Member/member organization, program
trade, index arbitrage.
J - Individual (80A), program trade, index
arbitrage.
U - Other agency, program trade, index
arbitrage.
C - Member/member organization, program
trade, non-index arbitrage.
K - Individual (80A), program trade, nonindex arbitrage.
Y - Other agency, program trade, non-index
arbitrage.
Rte/Mlt/Com
Optional, leave blank to charge standard
commission. Select from the following
commission codes and complete the blank box
to the right:
RTE - Cents per share. Type the number of
cents in the field to the right. To charge
35› per share, type 35.
MLT - Percentage discounted from the full
commission. Type the percentage of
the full commission to be charged in the
field to the right. For a 25% discount,
type 75.
COM - Flat commission rate. Type the exact
dollars and cents in the field to the right.
Continued..........
Page 88
NETEXCHANGE TM PRO
Buy/Sell Stock
(Cont.)
TRADING
Field
Action
Solicited
Optional. Select the appropriate indication of
client solicitation for the trade. This is
reflected on the confirmation:
•
Yes
•
No
Split RR1
Optional, complete only if commission is to
be split between two Registered Reps. Type
the first RR number followed by the percent
they are allocated.
Split RR2
the second RR number followed by the
percent they are allocated.
Note: Split RR1 and Split RR2 fields
must equal 100% when totaled.
Trailers
Optional. Type a message up to four lines
(22 characters per line). Message will be
printed on client’s confirmation.
Continued… .......
Page 89
NETEXCHANGE TM PRO
TRADING
TradingBuy/Sell StockOrder Review
TradingBuy/Sell StockOrder Received
Page 90
NETEXCHANGE TM PRO
Buy/Sell Stocks
(Cont.)
TRADING
Step
1
Action
After all fields in Buy/Sell Stock (page 83) are completed:
If…
Then…
You would like to
proceed with the order:
Ø Click Review Before
Sending.
Ø The Order Review page
appears.
You do not want to
2
Ø Click Clear Order.
Ø The order is erased and
all information lost.
Review the Buy/Sell Stock order review page:
If…
Then…
All information in the
order is correct:
Ø Click Send Order.
You would like to
change information in
the order:
Ø Click Back.
You do not want to
Page 91
Ø The Order Received page
appears.
Ø The Order Entry page
reappears.
NETEXCHANGE TM PRO
TRADING
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NETEXCHANGE TM PRO
Mutual Funds
TRADING
Provides functions for trading mutual funds:
•
Buy
•
Redeem
•
Exchange
Note: Exchanges may only be executed within fund families that
permit exchanges.
Click Mutual Funds on the Trading menu in the Navigation Bar (left
column) to access Mutual Funds.
!
WARNING
Mutual Funds trading is provided only to
those Registered Representatives that
meet NASD licensing requirements. It is
your firm’s responsibility to ensure that
Registered Representatives are permitted
to engage in Mutual Funds trading and are
in compliance with all other related laws and
regulations.
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TRADING
TradingMutual FundsBuy
Page 94
NETEXCHANGE TM PRO
Buy Mutual Funds
TRADING
Buy Mutual Funds enables you to place orders for a wide range of
mutual funds as well as to access fund data and descriptions.
Field
Action
Enter fund
symbol/cusip or
first letters of
name
Type the fund symbol or name of the fund you
want to trade in the corresponding boxes
provided.
•
Click Lookup to search for fund symbols
or names.
button to return to Buy Mutual Funds.
Click Continue Placing Order to proceed with the order.
Result: The Buy Mutual Funds fund information page is
displayed indicating whether the purchase is load, low- load or
no-load.
Continued..........
Page 95
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TRADING
TradingMutual FundsBuy (Fund Information)
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Buy Mutual Funds
(Cont.)
TRADING
The Buy Mutual Funds fund information page displays the following:
•
Fund Name
•
Fund Family
•
Fund Symbol
•
Fund Cusip
•
Fund Info - load, low-load or no-load
•
Description
Click Continue Placing Order to proceed with the order.
Result: The Buy Mutual Funds order page is displayed.
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TRADING
TradingBuy Mutual FundsOrder (No-Load)
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NETEXCHANGE TM PRO
Buy Mutual Funds
(Cont.)
TRADING
The Buy Mutual Funds order page enables you to specify important
details regarding the order which, if not completed correctly, will
prevent the order from being placed.
Field
Action
Amount
Type the dollar amount or number of shares
you would like to purchase.
Note: Dollar amount cannot exceed
$999,999.99. Share amount cannot
exceed 7 whole numbers followed by 3
decimal places (7654321.321).
Reinvestment
Indicate how you would like to receive
dividends and capital gains:
Ø Click Yes to reinvest dividends and income
from the fund; or
Click No to receive dividends and income
from the fund.
Ø Click Yes to reinvest capital gains from the
fund; or
Click No to receive capital gains from the
fund.
Continued..........
Page 99
NETEXCHANGE TM PRO
TRADING
TradingBuy Mutual FundsOrder (No-Load)
Page 100
NETEXCHANGE TM PRO
Buy Mutual Funds
(Cont.)
TRADING
The following are optional load and no-load fields that do not need to
be completed to place a mutual fund purchase order.
Note: Depending on whether the mutual fund being purchased is
load or no-load, some of the following fields may not be
displayed.
Field
Action
Comm OVR
Type a dollar amount to override standard
commission. This field will hold up to nine
digits for dollar amount, followed by two digits
for cents.
Over/Under
Load funds only. Select from the following
options to specify a dollar purchase requiring a
whole number of shares:
Over - Order will be rounded up to the
nearest number of whole shares to
satisfy the order.
Under - Order will be rounded down to the
nearest number of whole shares to
satisfy the order.
RR OVR
If you have special arrangements with the fund,
type the fund-assigned RR number. Up to five
characters may be entered, three minimum.
Branch OVR
If payment instructions are to be directed to a
branch other than yours, type the branch
number.
Continued..........
Page 101
NETEXCHANGE TM PRO
TRADING
TradingBuy Mutual FundsOrder (Load)
Page 102
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TRADING
Buy Mutual Funds
Field
Action
(Cont.)
Deliver
Load funds only. Select one of the following
ways the fund will settle or be delivered:
Street - Street name.
Physical - Certificate mailed to client.
Customer - Client name.
NAV Ind
codes if purchase qualifies for net asset value
handling:
No
Yes - NAV Transfer
Yes - Repurchase
Yes - Employee/RR
Yes - Error Correction
Yes - Wrap Fee Account
Yes - Other
Fund Account
account descriptions:
New - Fund account is new.
Existing - Fund account is not new.
Fund Account No.
Load funds only. Type the fund account
number.
Continued..........
Page 103
NETEXCHANGE TM PRO
Buy Mutual Funds
(Cont.)
TRADING
Field
Action
LOI/ROA
indications of client agreements:
None - Client has made no extra agreements
with correspondent.
LOI - Client has signed a Letter of Intent.
ROA - Client qualifies for Rights of
Accumulation.
LOI/ROA Value
Load funds only. Must be completed if LOI
or ROA was selected. Type dollar amount of
the LOI or ROA breakpoint.
ROA Link
Load funds only. Type the 20-character
ROA link account if client wishes to link to
another account.
LOI Date
Load funds only. If a LOI exists, type the
date the LOI was signed by the client or the
LOI number was assigned by the fund.
•
RR Name
Enter dates in the MM/DD/YY format.
Load funds only. If the RR OVR field was
completed, type the RR name.
Continued..........
Page 104
NETEXCHANGE TM PRO
Buy Mutual Funds
(Cont.)
TRADING
Field
Action
Split RR1
If commission is to be split between two
Registered Reps. Type the first RR number in
the left box, followed by the percent they are
allocated in the right box.
Split RR2
Registered Reps. Type the second RR
number in the left box, followed by the percent
they are allocated in the right box.
Note: Total Split RR commission
percentage should be less than or equal
to 100%.
Comment
Type a message up to 32 characters.
Click Review Before Sending.
Result: The Buy Mutual Funds order review page is displayed.
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TRADING
TradingBuy Mutual FundsOrder Review
Trading Buy Mutual Funds Order Received
Page 106
NETEXCHANGE TM PRO
Buy Mutual Funds
(Cont.)
TRADING
Step
1
Action
Review the Buy Mutual Funds order review page.
If...
Then...
order is correct:
Ø Click Send Order.
You would like to
the order:
Ø Click Back.
You do not want to
Page 107
is displayed.
Ø The order entry page is
displayed again.
NETEXCHANGE TM PRO
TRADING
TradingMutual FundsRedemption Access
Trading Mutual Fund Redeem
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NETEXCHANGE TM PRO
Redeem Mutual
Funds
TRADING
Redeem Mutual Funds facilitates redemption of both load and no-load
mutual funds.
To access Mutual Funds Redeem, click the Redeem hyperlink in the
top right corner of any Mutual Funds page. Upon accessing the page,
a list of the client’s mutual fund positions is displayed, including:
•
Security
•
Quantity
•
Price
•
Value
Click on the security name of the mutual fund position you would like
to redeem.
Result: The Redeem Mutual Funds order entry page is
displayed. The page title indicates whether the mutual fund
selected is a load or no-load fund.
Continued..........
Page 109
NETEXCHANGE TM PRO
TRADING
TradingRedeem Mutual Funds- Load Order Entry
Page 110
NETEXCHANGE TM PRO
Redeem Mutual
Funds (Cont.)
TRADING
The Redeem Mutual Funds order entry page enables you to view a
fund’s value as of the previous business day and specify how much of
the fund you would like to redeem.
Field
Action
Amount
you would like to sell. Type F or Full in the
share field to redeem entire position.
The following are optional load and no-load fields that do not need to
be completed to place a mutual fund redemption order. Note that
depending on whether the mutual fund being sold is load or no-load,
some of the following fields may not be displayed.
Field
Action
Comm OVR
commission. You may enter up to nine digits
for dollar amount followed by two digits for
cents.
RR OVR
Load funds only. If you have special
arrangements with the fund, type the fundassigned RR number. Up to five characters
may be entered.
RR NAME
Load funds only. If the RR OVR field was
completed, type the RR name.
Continued..........
Page 111
NETEXCHANGE TM PRO
TRADING
TradingRedeem Mutual Funds- Load Order Entry
Page 112
NETEXCHANGE TM PRO
Redeem Mutual
Funds (Cont.)
TRADING
Field
Action
CDSC Waiver
indications of whether or not you will waive
the CDSC (contingent deferred sales charge):
N - No (Gross/Net field must be completed).
Y - Yes (Comment field must be completed).
Gross/Net
Load funds only. Must be completed if “No”
was selected in the previous field. Select one
of the following indications of whether or not
the dollar amount of the trade includes the
CDSC:
Gross - Dollar amount includes CDSC
deduction.
Net - Dollar amount after deduction.
Split RR1
the left box followed by the percent they are
Split RR2
number in the left box followed by the percent
to 100%.
Comment
Type a message up to 32 characters. Must be
completed if “Yes” was selected in CDSC
Waiver field.
Continued..........
Page 113
NETEXCHANGE TM PRO
TRADING
TradingRedeem Mutual FundsOrder Review
TradingRedeem Mutual Funds Order Received
Page 114
NETEXCHANGE TM PRO
Redeem Mutual
Funds (Cont.)
TRADING
Step
1
Action
If...
Then...
You would like to
Ø
Click Review Before
Sending.
Ø
The Order Review page is
displayed.
Ø
Click Clear Order.
Ø
The order is erased and
You do not want to
2
Review the Redeem Mutual Funds Order Review page.
If...
Then...
order is correct:
Ø
Click Send Order.
Ø
The Order Received page
is displayed.
You would like to
the order:
Ø
Click Back.
Ø
The order entry page is
displayed again.
You do not want to
Ø
Click Cancel.
Ø
Page 115
NETEXCHANGE TM PRO
TRADING
TradingMutual FundsExchange Access
Trading Mutual Fund Exchange
Page 116
NETEXCHANGE TM PRO
Exchange Mutual
Funds
TRADING
The Exchange Mutual Funds order entry page enables you to
simultaneously redeem and purchase funds within the same fund family.
Only select fund families allow exchanges.
To access Mutual Funds Exchange, click the Exchange hyperlink in the
top right corner of any Mutual Funds page. Upon accessing the page,
a list of the client’s exchange-eligible mutual fund holdings will be
displayed, including:
•
Security
•
Quantity
•
Price
•
Value
Note: An exchange may be a taxable event. Clients may wish
to consider tax implications prior to placing an exchange order.
Click on the fund name that you would like to exchange.
Result: The Exchange Mutual Funds purchase into page is
displayed.
Continued..........
Page 117
NETEXCHANGE TM PRO
TRADING
TradingExchange Mutual FundsPurchase Into
Page 118
NETEXCHANGE TM PRO
Exchange Mutual
Funds (Cont.)
TRADING
The Exchange Mutual Funds Purchase Into page displays:
•
Mutual fund to be exchanged (selected on the previous page), and
the current value of that position.
•
Mutual funds that are exchange-eligible.
Note: Load mutual funds and no-load mutual funds are not
interchangeable.
Click the mutual fund that you would like to purchase.
Result: The Exchange Mutual Funds order page is displayed.
Continued..........
Page 119
NETEXCHANGE TM PRO
TRADING
TradingExchange Mutual FundsOrder
Page 120
NETEXCHANGE TM PRO
Exchange Mutual
Funds (Cont.)
TRADING
The Exchange Mutual Funds order entry page enables you to view a
fund’s value as of the previous business day and specify how much of
the fund you would like to redeem.
Field
Action
Amount
you would like to purchase. Type F or Full in
the share field to redeem entire position.
Reinvestment
Indicate how you would like to receive
dividends and gains and capital gains:
Ø Click Yes to reinvest dividends and income
from the fund; or
Click No to receive dividends and income
from the fund.
Ø Click Yes to reinvest capital gains from the
fund; or
Click No to receive capital gains from the
fund.
Continued..........
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TRADING
TradingExchange Mutual FundsOrder
Page 122
NETEXCHANGE TM PRO
Exchange Mutual
Funds (Cont.)
TRADING
The following are optional fields that do not need to be completed to
place a mutual fund exchange order:
Field
Action
Comm OVR
commission. Field holds up to nine digits for
dollar amount, followed by two digits for
cents.
Comm OVR To
commission on receiving side. Field holds up
to nine digits for dollar amount, followed by
two digits for cents.
Split RR1
the left box, followed by the percent they are
Split RR2
number in the left box, followed by the percent
to 100%.
Comment
Type a message up to 32 characters.
Click Review Before Sending to proceed with the order.
Result: The Exchange Mutual Funds order review page is
displayed.
Continued..........
Page 123
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TRADING
TradingExchange Mutual FundsOrder Review
Trading Exchange Mutual Funds Order Received
Page 124
NETEXCHANGE TM PRO
Exchange Mutual
Funds (Cont.)
TRADING
The Exchange Mutual Funds Order Review page provides a summary
of the order entered.
Step
1
Action
Review the Exchange Mutual Funds Order Review page:
If...
Then...
order is correct:
Ø
Click Send Order.
Ø
is displayed.
You would like to
the order:
Ø
Click Back.
Ø
The order page is
displayed again.
You do not want to
Ø
Click Clear Order.
Ø
Page 125
NETEXCHANGE TM PRO
TRADING
Page 126
NETEXCHANGE TM PRO
Options
TRADING
Provides functions for trading options:
•
Buy Calls/Puts
•
Close Calls/Puts
•
Covered Calls
Click Options on the Trading menu in the Navigation Bar (left column)
to access Options.
!
WARNING
Options trading is provided only to those
Registered Representatives that meet
NASD licensing requirements. It is your
firm’s responsibility to ensure that
Registered Representatives are permitted
to engage in Options trading and are in
compliance with all other related laws and
regulations.
Page 127
NETEXCHANGE TM PRO
TRADING
TradingOptionsBuy Calls/Puts
Page 128
NETEXCHANGE TM PRO
Buy Calls/Puts
TRADING
Buy Calls/Puts enables you to buy calls and puts according to the
parameters you wish to set on the trade. Refer to the following field
instructions for guidelines to placing an order and the options available:
Field
Action
Enter stock symbol Type the underlying stock symbol or name.
•
Press Lookup to search for stock symbols
or company names.
button to return to Buy Calls/Puts.
Click Continue to proceed with the order.
Result: The select options page is displayed, listing the calls or
puts available for the underlying stock, as well as the stock
quote.
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NETEXCHANGE TM PRO
TRADING
TradingOptionsBuy Calls/PutsSelect Options
Page 130
NETEXCHANGE TM PRO
Buy Calls/Puts
(Cont.)
TRADING
The Buy Calls/Puts select options page displays the strike prices
available for the underlying stock selected on the previous page.
Refer to the following details regarding reading the Calls and Puts
charts:
•
Columns - Options are listed by expiration month for calls
followed by expiration month for puts.
•
Rows - Options are listed chronologically by strike price.
Click the strike price that you would like to purchase.
Result: The Buy Calls/Puts order page for the strike price
selected is displayed.
Page 131
NETEXCHANGE TM PRO
TRADING
TradingOptionsBuy Calls/PutsOrder
Page 132
NETEXCHANGE TM PRO
Buy Calls/Puts
(Cont.)
TRADING
The Buy Calls/Puts order page enables you to specify the conditions
under which the order will be executed. The Option, Real-Time
Quote and Transaction fields are read-only fields pre-filled with the
current quote for the option and the transaction previously selected.
Field
Action
Quantity
Type the number of contracts you would like
to buy.
Order Type
Price
place:
•
Market
•
Limit
•
All or None
Type the price per share for the order.
•
Duration
$1.75 can be entered as 1 3/4 or 1.75.)
Click the duration for which you would like the
order to remain active:
•
Day
•
GTC
•
Fill or Kill
Continued..........
Page 133
NETEXCHANGE TM PRO
TRADING
Page 134
NETEXCHANGE TM PRO
Buy Calls/Puts
(Cont.)
TRADING
Field
Action
Add. Order Data
Optional. Select the following additional
order instruction:
AON - All or none. Do not execute order
partially.
Account Type
Rte/Mlt/Com
Select from one of the following account types
in which you wish to place the order:
•
Cash
•
Margin
•
Short
to the right:
type 75.
Continued..........
Page 135
NETEXCHANGE TM PRO
TRADING
Page 136
NETEXCHANGE TM PRO
Buy Calls/Puts
(Cont.)
TRADING
Field
Action
Solicited
•
Yes
•
No
Split RR1
they are allocated.
Split RR2
Trailers
Optional. Type a message up to 25
characters. Message will be printed on
client’s confirmation. Caution: What you
type is what will appear on client’s statement. No spell-check or edits can be made
on this text.
Continued..........
Page 137
NETEXCHANGE TM PRO
TRADING
TradingOptionsBuy Calls/PutsReview Order
TradingOptionsBuy Calls/PutsReceived Order
Page 138
NETEXCHANGE TM PRO
Buy Calls/Puts
(Cont.)
TRADING
Step
1
Action
Once all fields on the Buy Calls/Puts page (page 133) have
been completed:
If...
Then...
You would like to
Sending.
appears.
You do not want to
2
Review the Buy Calls/Puts Order Review page.
If...
Then...
order is correct:
Ø Click the Send Order
button.
will appear.
You would like to
the order:
Ø Click the Back button.
You do not want to
Page 139
Ø The order entry page will
reappear.
Ø The order will be erased
and all information lost.
NETEXCHANGE TM PRO
TRADING
TradingOptionsClose Calls/Puts
Page 140
NETEXCHANGE TM PRO
Close Calls/Puts
TRADING
Close Calls/Puts enables you to close an option position in the client’s
portfolio. To access Close Calls/Puts click the Close Calls/Puts
hyperlink in the top right corner of any Trading Options page. Upon
accessing the page, a list of the client’s open positions is displayed,
including:
•
Security
•
Quantity
•
Price
•
Value
Click the security name of the option position you would like to close.
Result: The Close Calls/Puts order page is displayed.
Continued..........
Page 141
NETEXCHANGE TM PRO
TRADING
TradingOptionsClose Calls/PutsOrder
Page 142
NETEXCHANGE TM PRO
Close Calls/Puts
(Cont.)
TRADING
Complete the following fields on the Close Calls/Puts order page:
Field
Action
Quantity
to close.
Order Type
Price
place:
•
Market
•
Limit
•
All or None
•
Additional
Optional. Select one of the following
additional order instructions:
NH - Not held - timing of execution will not
be held to match tape.
DNR - Do not reduce price on ex-dividend
DNI - Do not increase shares on ex-dividend
CASH - Stock is to be bought or sold for
same-day settlement.
ND - Next-day settlement.
Continued..........
Page 143
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TRADING
Page 144
NETEXCHANGE TM PRO
Close Calls/Puts
(Cont.)
TRADING
Field
Action
Duration
Rte/Mlt/Com
•
Day
•
GTC
•
Fill or Kill
to the right:
type 75.
Solicited
•
Yes
•
No
Continued..........
Page 145
NETEXCHANGE TM PRO
TRADING
Page 146
NETEXCHANGE TM PRO
Close Calls/Puts
(Cont.)
TRADING
Field
Action
Split RR1
they are allocated.
Split RR2
Trailers
Optional. Type a message up to 25
characters. Message will be printed on
client’s confirmation. Caution: What you
type is what will appear on client statement. No spell-check or edits can be made
on this text.
Continued..........
Page 147
NETEXCHANGE TM PRO
TRADING
TradingOptionsClose Calls/PutsOrder Review
TradingOptionsClose Calls/PutsOrder Received
Page 148
NETEXCHANGE TM PRO
Close Calls/Puts
(Cont.)
TRADING
Step
Action
1
Once all fields on the Close Calls/Puts page (page 143) have
been completed:
If...
Then...
You would like to
Ø
Click Review Before
Sending.
Ø
The Order Review page
appears.
Ø
Click Clear Order.
Ø
You do not want to
2
Review the Close Calls/Puts Order Review page.
If...
Then...
order is correct:
Ø
Click the Send Order
button.
Ø
appears.
You would like to
the order:
Ø
Click Back.
Ø
The order entry page
reappears.
You do not want to
Ø
Click Clear Order.
Ø
Page 149
NETEXCHANGE TM PRO
TRADING
TradingOptionsCovered Calls
Page 150
NETEXCHANGE TM PRO
Covered Calls
TRADING
Covered Calls enables you to write covered calls for the client. To
access Covered Calls click the Covered Calls hyperlink in the top right
corner of any Trading Options page. Upon accessing the page, a list
of the client’s current positions is displayed, including:
•
Security
•
Quantity
•
Price
•
Value
Click the security position you would like to write a covered call
against.
Result: The Write Covered Calls select options page appears.
Continued..........
Page 151
NETEXCHANGE TM PRO
TRADING
TradingOptionsCovered Calls (Select Options)
Page 152
NETEXCHANGE TM PRO
Covered Calls
(Cont.)
TRADING
The Write Covered Calls select options page displays the strike prices
available for the underlying stock selected on the previous page.
Refer to the following details regarding reading the Calls chart:
•
Columns - Options are listed by expiration month for calls
followed by expiration month for puts.
•
Rows - Options are listed chronologically by strike price.
Click the strike price of the option that you would like to write.
Result: The Write Covered Calls order page appears.
Note: The strike price selected is not necessarily the market
price. A full quote for the option selected is provided on the
Write Covered Calls order page.
Page 153
NETEXCHANGE TM PRO
TRADING
TradingOptionsWrite Covered CallsOrder
Page 154
NETEXCHANGE TM PRO
Covered Calls
(Cont.)
TRADING
The Write Covered Calls order page enables you to specify the
conditions under which the order will be executed. The Option, RealTime Quote and Transaction fields are read-only fields pre-filled with
the current quote on the option and the transaction previously selected.
Field
Action
Quantity
to sell.
Order Type
Price
place:
•
Market
•
Limit
•
All or None
•
Duration
Add. Order Data
•
Day
•
GTC
•
Fill or Kill
Optional. Select the following additional
order instruction:
AON - All or none. Do not execute order
partially.
Continued..........
Page 155
NETEXCHANGE TM PRO
TRADING
TradingOptionsWrite Covered CallsOrder
Page 156
NETEXCHANGE TM PRO
Covered Calls
(Cont.)
TRADING
Field
Action
Rte/Mlt/Com
to the right:
MLT - Percentage discounted from full
commission. Type percentage of full
commission to be charged in field to
right. For a 25% discount, type 75.
COM - Flat commission rate. Type exact
dollars and cents in field to right.
Solicited
•
Yes
•
No
Split RR1
the first RR number followed by percent they
are allocated.
Split RR2
Trailers
Optional. Type a message up to 25 characters. Message will be printed on client’s
confirmation. Caution: What you type is
what will appear on client’s statement.
Page 157
NETEXCHANGE TM PRO
TRADING
Continued..........
Page 158
NETEXCHANGE TM PRO
TRADING
TradingOptionsWrite Covered CallsOrder Review
TradingOptionsWrite Covered CallsOrder Received
Page 159
NETEXCHANGE TM PRO
Covered Calls
(Cont.)
TRADING
Step
Action
1
After all fields on the Write Covered Calls page (page 155)
are complete:
If...
Then...
You would like to
Sending.
appears.
You do not want to
2
Review the Write Covered Calls order review page.
If...
Then...
order is correct:
Ø Click the Send Order
button.
appears.
You would like to
the order:
Ø Click the Back button.
You do not want to
Page 160
Ø The order entry page
reappears.
NETEXCHANGE TM PRO
TRADING
Trading Order Status
Page 161
NETEXCHANGE TM PRO
Order Status
TRADING
Provides a read-only display of current orders by account and the
status of each order, as well as cancel and change order functions.
Note: Only orders that have not been fully executed may be
canceled or changed.
To access Order Status:
Ø
Click Order Status on the Portfolio or Trading Navigation Bars
(left column); or
Ø
Select Order Status on the Select Bar.
See Portfolio Order Status (page 59) for further details.
Page 162
NETEXCHANGE TM PRO
TRADING
Page 163

TRADING

Transcription

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